Court Approves FTX Liquidation Plan

Judge John Dorsey has approved a plan to liquidate crypto exchange FTX.

- In an October hearing, the court approved a plan that will return 98% of users about 119% of their stated value.

- FTX's bankruptcy case began in November 2022 and has resulted in criminal charges and civil lawsuits.

- FTX CEO John J. Ray III said this is a significant step toward returning funds to customers and creditors.

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